Equinix (EQIX) Free Cash Flow (2009 - 2026)
Equinix (EQIX) recorded quarterly Free Cash Flow of $594.0 million in Q1 2026, up 9.8% quarter-over-quarter from $541.0 million in Q4 2025, and down 25.0% on a YoY basis from $792.0 million in Q1 2025.
Equinix (EQIX) Free Cash Flow (2009 - 2026) Analysis & Trends
Equinix's Free Cash Flow history runs 18 years deep, the most recent figure standing at $594.0 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 25.0% year-over-year to $594.0 million; the TTM figure through Mar 2026 stood at $2.7 billion (down 28.69% YoY), while the FY2025 annual figure was $2.9 billion, changed 0.17% from the prior year.
- Free Cash Flow was $594.0 million for Q1 2026 at Equinix, up from $541.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $2.4 billion in Q3 2025 to a low of -$1.6 billion in Q4 2023.
- Historically, Free Cash Flow has averaged $563.2 million across 5 years, with a median of $596.0 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow surged 929.07% in 2022, then sank 395.16% in 2023.
- A 5-year view of Free Cash Flow shows it stood at $551.9 million in 2022, then tumbled by 395.16% to -$1.6 billion in 2023, then jumped by 157.15% to $931.0 million in 2024, then tumbled by 41.89% to $541.0 million in 2025, then increased by 9.8% to $594.0 million in 2026.
- The last three Free Cash Flow figures came in at $594.0 million (Q1 2026), $541.0 million (Q4 2025), and $2.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.53 Bn | 101.50 Bn | 2.20 Bn | 594.00 Mn |
| 2 | American Tower | 86.20 Bn | 92.70 Bn | 2.70 Bn | 951.10 Mn |
| 3 | Digital Realty Trust | 63.76 Bn | 62.92 Bn | - | -337.62 Mn |
| 4 | Crown Castle | 38.57 Bn | 38.52 Bn | 984.00 Mn | 452.00 Mn |
| 5 | Iron Mountain | 37.41 Bn | 37.43 Bn | 1.05 Bn | 36.65 Mn |
| 6 | Sba Communications | 20.70 Bn | 20.79 Bn | 532.10 Mn | 206.69 Mn |
| 7 | Weyerhaeuser | 17.74 Bn | 17.44 Bn | 318.00 Mn | 29.00 Mn |
| 8 | Lamar Advertising | 15.68 Bn | 15.63 Bn | 403.56 Mn | 208.30 Mn |
| 9 | Gaming & Leisure Properties | 13.22 Bn | 13.62 Bn | - | 158.75 Mn |
| 10 | OUTFRONT Media | 5.51 Bn | 5.47 Bn | 202.10 Mn | 72.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 594.00 Mn |
| Mar 31, 2026 | 594.00 Mn |
| Dec 31, 2025 | 541.00 Mn |
| Dec 31, 2025 | 541.00 Mn |
| Sep 30, 2025 | 2.36 Bn |
| Sep 30, 2025 | 2.36 Bn |
| Jun 30, 2025 | -778.00 Mn |
| Jun 30, 2025 | -778.00 Mn |
| Mar 31, 2025 | 792.00 Mn |
| Mar 31, 2025 | 792.00 Mn |
| Dec 31, 2024 | 931.00 Mn |
| Dec 31, 2024 | 931.00 Mn |
| Sep 30, 2024 | 596.00 Mn |
| Sep 30, 2024 | 596.00 Mn |
| Jun 30, 2024 | 1.49 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Mar 31, 2024 | -109.00 Mn |
| Mar 31, 2024 | -109.00 Mn |
| Dec 31, 2023 | -1.63 Bn |
| Dec 31, 2023 | -1.63 Bn |